Legal Cloud Fx is a broker registered in the United States, primarily offering trading services for binary options, forex, and cryptocurrencies. The platform offers various customer support options. However, its account registration and login functions seem to be malfunctioning, which may affect user trading experience.
Company Background:
Legal Cloud Fx is a trading platform based in the USA, providing services for binary options, forex, and cryptocurrency trading. The platform claims to be dedicated to offering diverse trading products and services to clients worldwide. Its official website is https://www.legalcloudfx.com/, and the domain was registered on August 16, 2022, making it only one year old.
Although the company claims its office is located at 59 Farburn Terrace LITTLE HEREFORD SY8 3RF, United Kingdom, key details about the company entity, leadership, and registration information remain unclear and are not disclosed publicly. Additionally, the platform's website shares significant design and content similarities with other brokers like cryptofastminersfx.com, dropowermarket, and Fxtrademining, suggesting they might use the same website template. This resemblance raises questions about its independence and credibility.
While Legal Cloud Fx offers a variety of trading services, the lack of sufficient company information disclosure and similarities in website templates call for investor caution when considering this platform.
Regulatory Status:
Legal Cloud Fx claims its operations are regulated by the U.S. Commodity Futures Trading Commission (CFTC), the Belize International Financial Services Commission (IFSC), and the Cyprus Securities and Exchange Commission (CySEC). However, verification shows no information about Legal Cloud Fx in the registration and regulatory records of these financial authorities. This suggests that the company's regulatory status might be questionable, and their claims of being regulated could be false advertising.
The lack of transparency raises questions about the company's trustworthiness. Investors should be cautious of the claimed regulatory status and thoroughly investigate the platform's actual regulatory situation before trading. Only after confirming that the platform is genuinely regulated should investors consider trading to avoid potential risks.
Trading Products:
Legal Cloud Fx is a U.S.-based trading platform offering multiple trading products to meet the investment needs of global clients. Its primary trading products include binary options, forex, and contracts for difference (CFDs). Binary options trading allows investors to profit by predicting asset price movements, while forex trading covers a wide range of currency pairs, offering numerous trading opportunities. CFD trading lets investors trade on the price difference without owning the underlying asset, covering stocks, commodities, and indices.
Additionally, Legal Cloud Fx focuses on blockchain technology investments, offering various cryptocurrency trading services. Major cryptocurrencies available for trading include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Ripple (XRP). The company aims to promote blockchain technology adoption and innovation, combining traditional finance and emerging blockchain technology to provide a unique trading experience.
Account Registration:
Legal Cloud Fx offers a convenient account registration process divided into a few simple steps. First, users need to fill in basic personal information such as name, gender, address, email, and phone number to ensure the completeness and accuracy of the registration information. Next, users need to set a secure password to ensure the confidentiality and security of the account information. Finally, users need to choose a preferred currency type for subsequent trading operations. Upon completion of registration, users will obtain an account and password, which can be used to log in to the Legal Cloud Fx trading platform and start enjoying various trading services.
However, it has been found that the current account registration and login functions seem to be malfunctioning, which may affect users' trading experience and convenience.
Account Types:
swiftminingexpert.com offers four different account types to meet the needs and preferences of various investors. These account types include Starter, Silver, Gold, and Premium, each with specific features and advantages designed to provide investors with a comprehensive trading experience and support.
Starter Plan:
- Minimum Deposit: $1000
- Features:
- Around-the-clock support: Provides 24/7 customer support to ensure investors can get help and support anytime.
- Professional charts: Equipped with professional charting tools to help investors conduct technical analysis and decision-making.
- Trading alerts: Timely trading alerts to help investors seize market opportunities.
Silver Plan:
- Minimum Deposit: $5000
- Features:
- Around-the-clock support: Provides 24/7 customer support to ensure investors can get help and support anytime.
- Professional charts: Equipped with professional charting tools to help investors conduct technical analysis and decision-making.
- Trading alerts: Timely trading alerts to help investors seize market opportunities.
Gold Plan:
- Minimum Deposit: $10000
- Features:
- Around-the-clock support: Provides 24/7 customer support to ensure investors can get help and support anytime.
- Professional charts: Equipped with professional charting tools to help investors conduct technical analysis and decision-making.
- Trading alerts: Timely trading alerts to help investors seize market opportunities.
Premium Plan:
- Minimum Deposit: $15000
- Features:
- Around-the-clock support: Provides 24/7 customer support to ensure investors can get help and support anytime.
- Professional charts: Equipped with professional charting tools to help investors conduct technical analysis and decision-making.
- Trading alerts: Timely trading alerts to help investors seize market opportunities.
Minimum Deposit Amount:
The broker's minimum deposit amount starts from $1000 and varies according to the account type.
- Starter Plan: $1000
- Silver Plan: $5000
- Gold Plan: $10000
- Premium Plan: $15000
Compared to general brokers, Legal Cloud Fx's minimum deposit amount is relatively high, which could pose some trading risks for investors. A higher minimum deposit means investors need more funds to start trading, which might be a barrier for some small-scale investors. The substantial initial investment could increase the pressure on investors, especially those new to trading, potentially increasing their risk exposure.
Customer Support:
Legal Cloud Fx offers multiple customer support options to ensure users can get help and support in a timely manner. Users can contact the platform's support team by sending an email to info@legalcloudfx.com or support@legalcloudfx.com to ensure a timely response and solution. Additionally, users can directly contact the platform by calling +44 7415 263983 for real-time phone support. Furthermore, Legal Cloud Fx has an online customer service team, where users can communicate directly with customer service representatives through online chat to resolve issues and receive assistance.
Conclusion:
Legal Cloud Fx is a U.S.-based trading platform offering binary options, forex, and cryptocurrency trading services. Despite claiming to provide a diverse range of trading products and services to clients worldwide, key details about the company entity, leadership, and registration information remain unclear, raising several concerns. On the regulatory front, Legal Cloud Fx claims to be regulated by the U.S. Commodity Futures Trading Commission (CFTC), Belize International Financial Services Commission (IFSC), and Cyprus Securities and Exchange Commission (CySEC). However, verification shows no records of the company with these regulatory authorities, casting doubt on its claimed regulatory status and lacking transparency. For account types, Legal Cloud Fx offers Starter, Silver, Gold, and Premium accounts, with a relatively high minimum deposit amount starting at $1000, which could pose trading risks for investors. In summary, investors should exercise caution when choosing Legal Cloud Fx, thoroughly investigating and verifying its actual situation to avoid potential risks.
Currently, Legal Cloud Fx is marked as "suspected fraud" on TraderKnows.
